HARRY HUGHES, Governor

2049

SECTION 3. AND BE IT FURTHER ENACTED, That section(s)
of the Annotated Code of Maryland be repealed, amended, or
enacted to read as follows:

Article - Financial Institutions

13-101.

(E) "ENERGY PROJECT" HAS THE MEANING STATED IN §
13-102 OF THE NATURAL RESOURCES ARTICLE, EXCEPT THAT, FOR
PURPOSES OF THIS SUBTITLE, "ENERGY PROJECT" DOES NOT INCLUDE
AN ENERGY CONSERVATION PROJECT OR A SOLAR ENERGY PROJECT FOR
A RESIDENTIAL, COMMERCIAL, OR AGRICULTURAL BUILDING. 518 OF
ARTICLE 41.

(g) (1) "Industrial project" means any one or more of
the following:

(i) The construction, acquisition,
refinancing, rehabilitation, or improvement of:

1.  A new industrial or manufacturing
plant;

2.  A former industrial or
manufacturing plant;

3.  Buildings used mainly for storage
or transshipment of manufactured goods or agricultural or
seafood products; or

4.  Buildings used for research and
development for the discovery, perfection, or evaluation of
new processes or products;

(ii) The construction, equipping, or
financing of facilities for developing and producing
gasohol;

(iii) The construction, acquisition,
refinancing, rehabilitation, or improvement of:

1.  Tourist or convention facilities,
which, if the Authority finds that the facilities will be
used primarily by or for tourists or conventioneers, may
include mercantile, retail, and service establishments;

2.  Mercantile, retail, or service
facilities that primarily serve out-of-state markets; or

3.  Office buildings for use as
corporate or company headquarters or as regional offices for
any business activity, including the activities mentioned in
this subsection and nonprofit organizations;